[ Text of section effective until July 1, 2010. Repealed by 2010, 22, Sec. 15. See 2010, 22, Sec. 25.]
Section 87C. (a) Persons and firms who hold registrations as public accountants and licenses to practice public accountancy issued under prior law of the commonwealth shall be entitled to have their licenses to practice renewed under sections eighty-seven B and eighty-seven B1/2; provided, however, that they fulfill all requirements for renewal under those provisions. So long as such licensees hold valid licenses to practice under sections eighty-seven B and eighty-seven B1/2, they shall be entitled to engage in the practice of public accountancy to the same extent as other holders of such licenses, and in addition they shall be entitled to use the designations "public accountants'' "PA'', "certified public accountants'' and "CPA''.
(b) Any person who is a citizen of the United States, is domiciled in the commonwealth, has attained the age of twenty-one years, is of good moral character, and who meets the requirements of any of the following clauses shall upon application to the public accountants administrative committee be registered by said committee as a public accountant and may, if he also holds a valid biennial license issued under section eighty-seven B so style himself and may use the abbreviations PA and CPA:
(1) a person who holds himself out to the public as a public accountant and who was engaged in the commonwealth on the seventeenth day of November, nineteen hundred and sixty-three, in the practice of public accounting as his principal occupation on his own account or as a member of a partnership and who makes application to said committee on or before the thirtieth day of October, nineteen hundred and sixty-four, for registration as a public accountant;
(2) a person who, on the seventeenth day of November, nineteen hundred and sixty-three, was serving in the armed forces of the United States or of the United Nations, and who, immediately prior to entering such service held himself out to the public as a public accountant and was engaged within the commonwealth in the practice of public accounting as his principal occupation on his own account or as a member of a partnership and who made application to said committee for registration as a public accountant within twelve months from the time of his discharge from such service;
(3) a person who, on the seventeenth day of November, nineteen hundred and sixty-three, was employed as a staff accountant by a certified public accountant or by a public accountant and was regularly assigned to accounting engagements, or who at said date was serving in the armed forces of the United States or of the United Nations and was employed as aforesaid immediately prior to such service, and who filed with said committee, not later than the thirtieth day of October, nineteen hundred and sixty-four, a declaration of intent to register as a public accountant, or, if in said armed forces files such declaration within twelve months from the time of his discharge therefrom, when such person who has filed such declaration applies for registration, he shall state in his application for registration his intention to engage within six months from the filing thereof in the practice of public accounting as his principal occupation on his own account or as a member of a partnership; registration under this clause shall be revoked unless the person so registered shall within twelve months of such registration furnish evidence satisfactory to said committee that he is actually engaged in this commonwealth in the practice of public accounting as his principal occupation on his own account or as a member of a partnership.
(4) a person who, on the seventeenth day of November, nineteen hundred and sixty-three, was engaged in field audit work with the United States government in civil service Grade 7 or higher, or who, at said date, was serving in the armed forces of the United States or of the United Nations and was engaged as aforesaid immediately prior to such service, and who has had at the time he applies for registration at least two years experience in such field audit work, and who satisfies said committee that his qualifications are substantially equivalent to those of persons who may register under clause (1), (2) or (3); provided, however, that such person filed with the committee not later than the thirtieth day of October, nineteen hundred and sixty-four a declaration of intent to register as a public accountant, or if serving in the above armed forces filed such declaration of intent within twelve months from the time of his discharge therefrom; when such person who has filed such declaration applies for registration under this clause, he shall state in his application for registration his intention to engage within six months from the filing thereof in the practice of public accounting as his principal occupation on his own account or as a member of a partnership; registration under this clause shall be revoked unless the person so registered shall within twelve months of such registration furnish evidence satisfactory to said committee that he is actually engaged in this commonwealth in the practice of public accounting as his principal occupation on his own account or as a member of a partnership.
(5) a person who, on the seventeenth day of November, nineteen hundred and sixty-three, was engaged in field audit work with this commonwealth or a political subdivision of the commonwealth, or who at said date was serving in the armed forces of the United States or of the United Nations and was engaged as aforesaid immediately prior to such service, and who has had at the time he applies for registration at least two years experience in such field audit work, and who satisfies said committee that such field audit work was substantially equivalent to the field audit work required of persons who may register under clause (4), and that his qualifications are substantially equivalent to those of persons who may register under clause (1), (2) or (3); provided, however, that such person filed with said committee not later than the thirtieth day of October, nineteen hundred and sixty-four, a declaration of intent to register as a public accountant, or if serving in the above armed forces files such declaration of intent within twelve months from the time of his discharge therefrom; when such person who has filed such declaration applies for registration under this clause, he shall state in his application for registration his intention to engage within six months from the filing thereof in the practice of public accounting as his principal occupation on his own account or as a member of a partnership; registration under this clause shall be revoked unless the person so registered shall within twelve months of such registration furnish evidence satisfactory to the committee that he is actually engaged in this commonwealth in the practice of public accounting as his principal occupation on his own account or as a member of a partnership.
(6) a person who, on or before the thirtieth day of June, nineteen hundred and sixty-six, was a public accountant registered or licensed under the laws of a state of the United States which grants to public accountants registered under this section a comparable reciprocal right of registration of licensing, and at the time of his application for registration under this clause is still so registered or licensed; in the event an application for registration under this clause meets all the requirements for such registration other than the requirement of domicile in the commonwealth, said committee may, in its discretion, allow him to register temporarily, effective only until it shall notify him that his application has either been granted or rejected; in no event shall such temporary registration be in effect for more than eighteen months after the date of its allowance; no fee shall be charged for such temporary registration.
(7) a person who, at the time of his application for registration under this clause is registered or licensed under the laws of a state which grants to public accountants registered under this section a comparable reciprocal right of registration; provided, however, that the state under whose laws such application is licensed or registered had, on the seventeenth day of November, nineteen hundred and sixty-three, no provision for the licensing or registration of public accountants; and provided any registration under this clause shall be discretionary with said committee and subject to the prior approval of the board of public accountancy; in the event an applicant for registration under this clause meets all the requirements for such registration other than the requirement of domicile in the commonwealth, said committee may in its discretion, and subject to the prior approval of said board, allow him to register temporarily, effective only until said committee shall notify him that his application has either been granted or rejected; in no event shall such temporary registration be in effect for more than eighteen months after the date of its allowance; no fee shall be charged for such temporary registration.
(8) a person who on the seventeenth day of November, nineteen hundred and sixty-three, is engaged in the commonwealth in the practice of public accounting on a part-time basis and has been doing public accounting as part-time work for a period of five years next prior to said effective date, and who makes application to the committee on or before the thirtieth day of October, nineteen hundred and sixty-four for registration as a public accountant.
(c) A partnership, including a registered limited liability partnership, registered pursuant to the laws of any state, engaged within the commonwealth in the practice of public accounting may register with the public accountants administrative committee as a partnership of public accountants; provided, however, that each partner personally and regularly engaged within the commonwealth in the practice of public accounting as a member thereof is a certified public accountant holding a license to practice under sections eighty-seven B and eighty-seven B1/2, or is a public accountant registered under section eighty-seven B as a public accountant and holds a valid biennial license issued under section eighty-seven B1/2 or a limited liability company, professional or business corporation registered pursuant to paragraph (g), (h) or (i) of section eighty-seven B1/2; and provided, further, that each resident manager in charge of an office of a firm within the commonwealth is so qualified. Application for such registration shall be made upon the affidavit of a partner who meets the requirements of this paragraph.
The public accountants administrative committee shall in each case determine whether the partnership is eligible for registration. A partnership which is so registered and which holds a valid biennial license issued under section eighty-seven B1/2 may use the words "public accountants'' or the abbreviation "PA'' in connection with its partnership name. Notification shall be given said committee, within ninety days, after the admission to or withdrawal of a partner from any partnership so registered, and after the commencement or termination of any partner's personal and regular practice of public accounting within the commonwealth as a member thereof.
(d) A professional corporation engaged within the commonwealth in the practice of public accounting may register with the public accountants administrative committee as a professional corporation of public accountants; provided, however, that each officer, director or shareholder personally and regularly engaged within the commonwealth in the practice of public accounting as a member thereof, is a certified public accountant registered under section eighty-seven A1/2 or a registered public accountant under section eighty-seven C and holds a valid biennial license issued under said section eighty-seven B1/2. Application for such registration shall be made upon the affidavit of an officer, director or shareholder who meets the requirements of this paragraph. The committee shall collect a fee for the registration of such a partnership.
The public accountants administrative committee shall in each case determine whether the professional corporation is eligible for registration. A professional corporation which is so registered and which holds a valid biennial license issued under section eighty-seven B1/2 may use the words "public accountants'' or the abbreviation "PA'' in connection with its professional corporate name. Notification shall be given said committee within ninety days, after the admission to or withdrawal of an officer, director or shareholder from any professional corporation so registered, and after the commencement or termination of any officer's, director's or shareholder's personal and regular practice of public accounting in this state as a member thereof. The committee shall collect a fee for the registration of such a professional corporation.
(e) A business corporation engaged within the commonwealth in the practice of public accounting may register with the public accountants administrative committee as a corporation of public accountants; provided, however, that each officer, director of shareholder personally and regularly engaged within the commonwealth in the practice of public accounting as a member thereof, is a certified public accountant registered under section eighty-seven A1/2 or a registered public accountant under section eighty-seven C and holds a valid biennial license issued under section eighty-seven B1/2; and provided, further, that the corporation complies with the restrictions and transfer of shares and validity of proxies and voting trusts set forth in paragraph (i) of section eighty-seven B1/2. Application for such registration shall be made upon the affidavit of an officer, director or shareholder who meets the requirements of this paragraph.
The public accountants administrative committee shall in each case determine whether the business corporation is eligible for registration. A business corporation which is so registered and which holds a valid biennial license issued under section eighty-seven B1/2 may use the words "public accountants'' or the abbreviation "PA'' in connection with its corporate name. Notification shall be given said committee within ninety days after the admission or withdrawal of an officer, director or shareholder from any business corporation so registered, and after the commencement or termination of any officer's, directors or shareholder's personal and regular practice of public accounting within the commonwealth as a member thereof. The committee shall collect a fee for the registration of such a business corporation.
(f) A limited liability company registered pursuant to the laws of any state engaged within the commonwealth in the practice of public accounting may register with the public accountants administrative committee as a limited liability company of public accountants; provided, however, that each member thereof personally and regularly engaged within the commonwealth in the practice of public accounting is a certified public accountant registered under section eighty-seven A1/2 or a registered public accountant under section eighty-seven C and holds a valid biennial license issued under said section eighty-seven B1/2. Application for such registration shall be made upon the affidavit of a member who meets the requirement of this paragraph.
The public accountant's administrative committee should in each case determine whether the limited liability company is eligible for registration. A limited liability company which is registered and which holds a valid biennial license issued under section eighty-seven B1/2 may use the words "public accountants'' or the abbreviation "PA'' in connection with its company name. Notification shall be given said committee within ninety days after the admission to or withdrawal of a member from any limited liability company so registered, and after the commencement or termination of any member's personal and regular practice of public accounting within the commonwealth as a member thereof. The committee shall collect a fee for the registration of such a limited liability company.
[ Text of section effective until July 1, 2010. Repealed by 2010, 22, Sec. 15. See 2010, 22, Sec. 25.]
Section 87C. (a) Persons and firms who hold registrations as public accountants and licenses to practice public accountancy issued under prior law of the commonwealth shall be entitled to have their licenses to practice renewed under sections eighty-seven B and eighty-seven B1/2; provided, however, that they fulfill all requirements for renewal under those provisions. So long as such licensees hold valid licenses to practice under sections eighty-seven B and eighty-seven B1/2, they shall be entitled to engage in the practice of public accountancy to the same extent as other holders of such licenses, and in addition they shall be entitled to use the designations "public accountants'' "PA'', "certified public accountants'' and "CPA''.
(b) Any person who is a citizen of the United States, is domiciled in the commonwealth, has attained the age of twenty-one years, is of good moral character, and who meets the requirements of any of the following clauses shall upon application to the public accountants administrative committee be registered by said committee as a public accountant and may, if he also holds a valid biennial license issued under section eighty-seven B so style himself and may use the abbreviations PA and CPA:
(1) a person who holds himself out to the public as a public accountant and who was engaged in the commonwealth on the seventeenth day of November, nineteen hundred and sixty-three, in the practice of public accounting as his principal occupation on his own account or as a member of a partnership and who makes application to said committee on or before the thirtieth day of October, nineteen hundred and sixty-four, for registration as a public accountant;
(2) a person who, on the seventeenth day of November, nineteen hundred and sixty-three, was serving in the armed forces of the United States or of the United Nations, and who, immediately prior to entering such service held himself out to the public as a public accountant and was engaged within the commonwealth in the practice of public accounting as his principal occupation on his own account or as a member of a partnership and who made application to said committee for registration as a public accountant within twelve months from the time of his discharge from such service;
(3) a person who, on the seventeenth day of November, nineteen hundred and sixty-three, was employed as a staff accountant by a certified public accountant or by a public accountant and was regularly assigned to accounting engagements, or who at said date was serving in the armed forces of the United States or of the United Nations and was employed as aforesaid immediately prior to such service, and who filed with said committee, not later than the thirtieth day of October, nineteen hundred and sixty-four, a declaration of intent to register as a public accountant, or, if in said armed forces files such declaration within twelve months from the time of his discharge therefrom, when such person who has filed such declaration applies for registration, he shall state in his application for registration his intention to engage within six months from the filing thereof in the practice of public accounting as his principal occupation on his own account or as a member of a partnership; registration under this clause shall be revoked unless the person so registered shall within twelve months of such registration furnish evidence satisfactory to said committee that he is actually engaged in this commonwealth in the practice of public accounting as his principal occupation on his own account or as a member of a partnership.
(4) a person who, on the seventeenth day of November, nineteen hundred and sixty-three, was engaged in field audit work with the United States government in civil service Grade 7 or higher, or who, at said date, was serving in the armed forces of the United States or of the United Nations and was engaged as aforesaid immediately prior to such service, and who has had at the time he applies for registration at least two years experience in such field audit work, and who satisfies said committee that his qualifications are substantially equivalent to those of persons who may register under clause (1), (2) or (3); provided, however, that such person filed with the committee not later than the thirtieth day of October, nineteen hundred and sixty-four a declaration of intent to register as a public accountant, or if serving in the above armed forces filed such declaration of intent within twelve months from the time of his discharge therefrom; when such person who has filed such declaration applies for registration under this clause, he shall state in his application for registration his intention to engage within six months from the filing thereof in the practice of public accounting as his principal occupation on his own account or as a member of a partnership; registration under this clause shall be revoked unless the person so registered shall within twelve months of such registration furnish evidence satisfactory to said committee that he is actually engaged in this commonwealth in the practice of public accounting as his principal occupation on his own account or as a member of a partnership.
(5) a person who, on the seventeenth day of November, nineteen hundred and sixty-three, was engaged in field audit work with this commonwealth or a political subdivision of the commonwealth, or who at said date was serving in the armed forces of the United States or of the United Nations and was engaged as aforesaid immediately prior to such service, and who has had at the time he applies for registration at least two years experience in such field audit work, and who satisfies said committee that such field audit work was substantially equivalent to the field audit work required of persons who may register under clause (4), and that his qualifications are substantially equivalent to those of persons who may register under clause (1), (2) or (3); provided, however, that such person filed with said committee not later than the thirtieth day of October, nineteen hundred and sixty-four, a declaration of intent to register as a public accountant, or if serving in the above armed forces files such declaration of intent within twelve months from the time of his discharge therefrom; when such person who has filed such declaration applies for registration under this clause, he shall state in his application for registration his intention to engage within six months from the filing thereof in the practice of public accounting as his principal occupation on his own account or as a member of a partnership; registration under this clause shall be revoked unless the person so registered shall within twelve months of such registration furnish evidence satisfactory to the committee that he is actually engaged in this commonwealth in the practice of public accounting as his principal occupation on his own account or as a member of a partnership.
(6) a person who, on or before the thirtieth day of June, nineteen hundred and sixty-six, was a public accountant registered or licensed under the laws of a state of the United States which grants to public accountants registered under this section a comparable reciprocal right of registration of licensing, and at the time of his application for registration under this clause is still so registered or licensed; in the event an application for registration under this clause meets all the requirements for such registration other than the requirement of domicile in the commonwealth, said committee may, in its discretion, allow him to register temporarily, effective only until it shall notify him that his application has either been granted or rejected; in no event shall such temporary registration be in effect for more than eighteen months after the date of its allowance; no fee shall be charged for such temporary registration.
(7) a person who, at the time of his application for registration under this clause is registered or licensed under the laws of a state which grants to public accountants registered under this section a comparable reciprocal right of registration; provided, however, that the state under whose laws such application is licensed or registered had, on the seventeenth day of November, nineteen hundred and sixty-three, no provision for the licensing or registration of public accountants; and provided any registration under this clause shall be discretionary with said committee and subject to the prior approval of the board of public accountancy; in the event an applicant for registration under this clause meets all the requirements for such registration other than the requirement of domicile in the commonwealth, said committee may in its discretion, and subject to the prior approval of said board, allow him to register temporarily, effective only until said committee shall notify him that his application has either been granted or rejected; in no event shall such temporary registration be in effect for more than eighteen months after the date of its allowance; no fee shall be charged for such temporary registration.
(8) a person who on the seventeenth day of November, nineteen hundred and sixty-three, is engaged in the commonwealth in the practice of public accounting on a part-time basis and has been doing public accounting as part-time work for a period of five years next prior to said effective date, and who makes application to the committee on or before the thirtieth day of October, nineteen hundred and sixty-four for registration as a public accountant.
(c) A partnership, including a registered limited liability partnership, registered pursuant to the laws of any state, engaged within the commonwealth in the practice of public accounting may register with the public accountants administrative committee as a partnership of public accountants; provided, however, that each partner personally and regularly engaged within the commonwealth in the practice of public accounting as a member thereof is a certified public accountant holding a license to practice under sections eighty-seven B and eighty-seven B1/2, or is a public accountant registered under section eighty-seven B as a public accountant and holds a valid biennial license issued under section eighty-seven B1/2 or a limited liability company, professional or business corporation registered pursuant to paragraph (g), (h) or (i) of section eighty-seven B1/2; and provided, further, that each resident manager in charge of an office of a firm within the commonwealth is so qualified. Application for such registration shall be made upon the affidavit of a partner who meets the requirements of this paragraph.
The public accountants administrative committee shall in each case determine whether the partnership is eligible for registration. A partnership which is so registered and which holds a valid biennial license issued under section eighty-seven B1/2 may use the words "public accountants'' or the abbreviation "PA'' in connection with its partnership name. Notification shall be given said committee, within ninety days, after the admission to or withdrawal of a partner from any partnership so registered, and after the commencement or termination of any partner's personal and regular practice of public accounting within the commonwealth as a member thereof.
(d) A professional corporation engaged within the commonwealth in the practice of public accounting may register with the public accountants administrative committee as a professional corporation of public accountants; provided, however, that each officer, director or shareholder personally and regularly engaged within the commonwealth in the practice of public accounting as a member thereof, is a certified public accountant registered under section eighty-seven A1/2 or a registered public accountant under section eighty-seven C and holds a valid biennial license issued under said section eighty-seven B1/2. Application for such registration shall be made upon the affidavit of an officer, director or shareholder who meets the requirements of this paragraph. The committee shall collect a fee for the registration of such a partnership.
The public accountants administrative committee shall in each case determine whether the professional corporation is eligible for registration. A professional corporation which is so registered and which holds a valid biennial license issued under section eighty-seven B1/2 may use the words "public accountants'' or the abbreviation "PA'' in connection with its professional corporate name. Notification shall be given said committee within ninety days, after the admission to or withdrawal of an officer, director or shareholder from any professional corporation so registered, and after the commencement or termination of any officer's, director's or shareholder's personal and regular practice of public accounting in this state as a member thereof. The committee shall collect a fee for the registration of such a professional corporation.
(e) A business corporation engaged within the commonwealth in the practice of public accounting may register with the public accountants administrative committee as a corporation of public accountants; provided, however, that each officer, director of shareholder personally and regularly engaged within the commonwealth in the practice of public accounting as a member thereof, is a certified public accountant registered under section eighty-seven A1/2 or a registered public accountant under section eighty-seven C and holds a valid biennial license issued under section eighty-seven B1/2; and provided, further, that the corporation complies with the restrictions and transfer of shares and validity of proxies and voting trusts set forth in paragraph (i) of section eighty-seven B1/2. Application for such registration shall be made upon the affidavit of an officer, director or shareholder who meets the requirements of this paragraph.
The public accountants administrative committee shall in each case determine whether the business corporation is eligible for registration. A business corporation which is so registered and which holds a valid biennial license issued under section eighty-seven B1/2 may use the words "public accountants'' or the abbreviation "PA'' in connection with its corporate name. Notification shall be given said committee within ninety days after the admission or withdrawal of an officer, director or shareholder from any business corporation so registered, and after the commencement or termination of any officer's, directors or shareholder's personal and regular practice of public accounting within the commonwealth as a member thereof. The committee shall collect a fee for the registration of such a business corporation.
(f) A limited liability company registered pursuant to the laws of any state engaged within the commonwealth in the practice of public accounting may register with the public accountants administrative committee as a limited liability company of public accountants; provided, however, that each member thereof personally and regularly engaged within the commonwealth in the practice of public accounting is a certified public accountant registered under section eighty-seven A1/2 or a registered public accountant under section eighty-seven C and holds a valid biennial license issued under said section eighty-seven B1/2. Application for such registration shall be made upon the affidavit of a member who meets the requirement of this paragraph.
The public accountant's administrative committee should in each case determine whether the limited liability company is eligible for registration. A limited liability company which is registered and which holds a valid biennial license issued under section eighty-seven B1/2 may use the words "public accountants'' or the abbreviation "PA'' in connection with its company name. Notification shall be given said committee within ninety days after the admission to or withdrawal of a member from any limited liability company so registered, and after the commencement or termination of any member's personal and regular practice of public accounting within the commonwealth as a member thereof. The committee shall collect a fee for the registration of such a limited liability company.
[ Text of section effective until July 1, 2010. Repealed by 2010, 22, Sec. 15. See 2010, 22, Sec. 25.]
Section 87C. (a) Persons and firms who hold registrations as public accountants and licenses to practice public accountancy issued under prior law of the commonwealth shall be entitled to have their licenses to practice renewed under sections eighty-seven B and eighty-seven B1/2; provided, however, that they fulfill all requirements for renewal under those provisions. So long as such licensees hold valid licenses to practice under sections eighty-seven B and eighty-seven B1/2, they shall be entitled to engage in the practice of public accountancy to the same extent as other holders of such licenses, and in addition they shall be entitled to use the designations "public accountants'' "PA'', "certified public accountants'' and "CPA''.
(b) Any person who is a citizen of the United States, is domiciled in the commonwealth, has attained the age of twenty-one years, is of good moral character, and who meets the requirements of any of the following clauses shall upon application to the public accountants administrative committee be registered by said committee as a public accountant and may, if he also holds a valid biennial license issued under section eighty-seven B so style himself and may use the abbreviations PA and CPA:
(1) a person who holds himself out to the public as a public accountant and who was engaged in the commonwealth on the seventeenth day of November, nineteen hundred and sixty-three, in the practice of public accounting as his principal occupation on his own account or as a member of a partnership and who makes application to said committee on or before the thirtieth day of October, nineteen hundred and sixty-four, for registration as a public accountant;
(2) a person who, on the seventeenth day of November, nineteen hundred and sixty-three, was serving in the armed forces of the United States or of the United Nations, and who, immediately prior to entering such service held himself out to the public as a public accountant and was engaged within the commonwealth in the practice of public accounting as his principal occupation on his own account or as a member of a partnership and who made application to said committee for registration as a public accountant within twelve months from the time of his discharge from such service;
(3) a person who, on the seventeenth day of November, nineteen hundred and sixty-three, was employed as a staff accountant by a certified public accountant or by a public accountant and was regularly assigned to accounting engagements, or who at said date was serving in the armed forces of the United States or of the United Nations and was employed as aforesaid immediately prior to such service, and who filed with said committee, not later than the thirtieth day of October, nineteen hundred and sixty-four, a declaration of intent to register as a public accountant, or, if in said armed forces files such declaration within twelve months from the time of his discharge therefrom, when such person who has filed such declaration applies for registration, he shall state in his application for registration his intention to engage within six months from the filing thereof in the practice of public accounting as his principal occupation on his own account or as a member of a partnership; registration under this clause shall be revoked unless the person so registered shall within twelve months of such registration furnish evidence satisfactory to said committee that he is actually engaged in this commonwealth in the practice of public accounting as his principal occupation on his own account or as a member of a partnership.
(4) a person who, on the seventeenth day of November, nineteen hundred and sixty-three, was engaged in field audit work with the United States government in civil service Grade 7 or higher, or who, at said date, was serving in the armed forces of the United States or of the United Nations and was engaged as aforesaid immediately prior to such service, and who has had at the time he applies for registration at least two years experience in such field audit work, and who satisfies said committee that his qualifications are substantially equivalent to those of persons who may register under clause (1), (2) or (3); provided, however, that such person filed with the committee not later than the thirtieth day of October, nineteen hundred and sixty-four a declaration of intent to register as a public accountant, or if serving in the above armed forces filed such declaration of intent within twelve months from the time of his discharge therefrom; when such person who has filed such declaration applies for registration under this clause, he shall state in his application for registration his intention to engage within six months from the filing thereof in the practice of public accounting as his principal occupation on his own account or as a member of a partnership; registration under this clause shall be revoked unless the person so registered shall within twelve months of such registration furnish evidence satisfactory to said committee that he is actually engaged in this commonwealth in the practice of public accounting as his principal occupation on his own account or as a member of a partnership.
(5) a person who, on the seventeenth day of November, nineteen hundred and sixty-three, was engaged in field audit work with this commonwealth or a political subdivision of the commonwealth, or who at said date was serving in the armed forces of the United States or of the United Nations and was engaged as aforesaid immediately prior to such service, and who has had at the time he applies for registration at least two years experience in such field audit work, and who satisfies said committee that such field audit work was substantially equivalent to the field audit work required of persons who may register under clause (4), and that his qualifications are substantially equivalent to those of persons who may register under clause (1), (2) or (3); provided, however, that such person filed with said committee not later than the thirtieth day of October, nineteen hundred and sixty-four, a declaration of intent to register as a public accountant, or if serving in the above armed forces files such declaration of intent within twelve months from the time of his discharge therefrom; when such person who has filed such declaration applies for registration under this clause, he shall state in his application for registration his intention to engage within six months from the filing thereof in the practice of public accounting as his principal occupation on his own account or as a member of a partnership; registration under this clause shall be revoked unless the person so registered shall within twelve months of such registration furnish evidence satisfactory to the committee that he is actually engaged in this commonwealth in the practice of public accounting as his principal occupation on his own account or as a member of a partnership.
(6) a person who, on or before the thirtieth day of June, nineteen hundred and sixty-six, was a public accountant registered or licensed under the laws of a state of the United States which grants to public accountants registered under this section a comparable reciprocal right of registration of licensing, and at the time of his application for registration under this clause is still so registered or licensed; in the event an application for registration under this clause meets all the requirements for such registration other than the requirement of domicile in the commonwealth, said committee may, in its discretion, allow him to register temporarily, effective only until it shall notify him that his application has either been granted or rejected; in no event shall such temporary registration be in effect for more than eighteen months after the date of its allowance; no fee shall be charged for such temporary registration.
(7) a person who, at the time of his application for registration under this clause is registered or licensed under the laws of a state which grants to public accountants registered under this section a comparable reciprocal right of registration; provided, however, that the state under whose laws such application is licensed or registered had, on the seventeenth day of November, nineteen hundred and sixty-three, no provision for the licensing or registration of public accountants; and provided any registration under this clause shall be discretionary with said committee and subject to the prior approval of the board of public accountancy; in the event an applicant for registration under this clause meets all the requirements for such registration other than the requirement of domicile in the commonwealth, said committee may in its discretion, and subject to the prior approval of said board, allow him to register temporarily, effective only until said committee shall notify him that his application has either been granted or rejected; in no event shall such temporary registration be in effect for more than eighteen months after the date of its allowance; no fee shall be charged for such temporary registration.
(8) a person who on the seventeenth day of November, nineteen hundred and sixty-three, is engaged in the commonwealth in the practice of public accounting on a part-time basis and has been doing public accounting as part-time work for a period of five years next prior to said effective date, and who makes application to the committee on or before the thirtieth day of October, nineteen hundred and sixty-four for registration as a public accountant.
(c) A partnership, including a registered limited liability partnership, registered pursuant to the laws of any state, engaged within the commonwealth in the practice of public accounting may register with the public accountants administrative committee as a partnership of public accountants; provided, however, that each partner personally and regularly engaged within the commonwealth in the practice of public accounting as a member thereof is a certified public accountant holding a license to practice under sections eighty-seven B and eighty-seven B1/2, or is a public accountant registered under section eighty-seven B as a public accountant and holds a valid biennial license issued under section eighty-seven B1/2 or a limited liability company, professional or business corporation registered pursuant to paragraph (g), (h) or (i) of section eighty-seven B1/2; and provided, further, that each resident manager in charge of an office of a firm within the commonwealth is so qualified. Application for such registration shall be made upon the affidavit of a partner who meets the requirements of this paragraph.
The public accountants administrative committee shall in each case determine whether the partnership is eligible for registration. A partnership which is so registered and which holds a valid biennial license issued under section eighty-seven B1/2 may use the words "public accountants'' or the abbreviation "PA'' in connection with its partnership name. Notification shall be given said committee, within ninety days, after the admission to or withdrawal of a partner from any partnership so registered, and after the commencement or termination of any partner's personal and regular practice of public accounting within the commonwealth as a member thereof.
(d) A professional corporation engaged within the commonwealth in the practice of public accounting may register with the public accountants administrative committee as a professional corporation of public accountants; provided, however, that each officer, director or shareholder personally and regularly engaged within the commonwealth in the practice of public accounting as a member thereof, is a certified public accountant registered under section eighty-seven A1/2 or a registered public accountant under section eighty-seven C and holds a valid biennial license issued under said section eighty-seven B1/2. Application for such registration shall be made upon the affidavit of an officer, director or shareholder who meets the requirements of this paragraph. The committee shall collect a fee for the registration of such a partnership.
The public accountants administrative committee shall in each case determine whether the professional corporation is eligible for registration. A professional corporation which is so registered and which holds a valid biennial license issued under section eighty-seven B1/2 may use the words "public accountants'' or the abbreviation "PA'' in connection with its professional corporate name. Notification shall be given said committee within ninety days, after the admission to or withdrawal of an officer, director or shareholder from any professional corporation so registered, and after the commencement or termination of any officer's, director's or shareholder's personal and regular practice of public accounting in this state as a member thereof. The committee shall collect a fee for the registration of such a professional corporation.
(e) A business corporation engaged within the commonwealth in the practice of public accounting may register with the public accountants administrative committee as a corporation of public accountants; provided, however, that each officer, director of shareholder personally and regularly engaged within the commonwealth in the practice of public accounting as a member thereof, is a certified public accountant registered under section eighty-seven A1/2 or a registered public accountant under section eighty-seven C and holds a valid biennial license issued under section eighty-seven B1/2; and provided, further, that the corporation complies with the restrictions and transfer of shares and validity of proxies and voting trusts set forth in paragraph (i) of section eighty-seven B1/2. Application for such registration shall be made upon the affidavit of an officer, director or shareholder who meets the requirements of this paragraph.
The public accountants administrative committee shall in each case determine whether the business corporation is eligible for registration. A business corporation which is so registered and which holds a valid biennial license issued under section eighty-seven B1/2 may use the words "public accountants'' or the abbreviation "PA'' in connection with its corporate name. Notification shall be given said committee within ninety days after the admission or withdrawal of an officer, director or shareholder from any business corporation so registered, and after the commencement or termination of any officer's, directors or shareholder's personal and regular practice of public accounting within the commonwealth as a member thereof. The committee shall collect a fee for the registration of such a business corporation.
(f) A limited liability company registered pursuant to the laws of any state engaged within the commonwealth in the practice of public accounting may register with the public accountants administrative committee as a limited liability company of public accountants; provided, however, that each member thereof personally and regularly engaged within the commonwealth in the practice of public accounting is a certified public accountant registered under section eighty-seven A1/2 or a registered public accountant under section eighty-seven C and holds a valid biennial license issued under said section eighty-seven B1/2. Application for such registration shall be made upon the affidavit of a member who meets the requirement of this paragraph.
The public accountant's administrative committee should in each case determine whether the limited liability company is eligible for registration. A limited liability company which is registered and which holds a valid biennial license issued under section eighty-seven B1/2 may use the words "public accountants'' or the abbreviation "PA'' in connection with its company name. Notification shall be given said committee within ninety days after the admission to or withdrawal of a member from any limited liability company so registered, and after the commencement or termination of any member's personal and regular practice of public accounting within the commonwealth as a member thereof. The committee shall collect a fee for the registration of such a limited liability company.
